Otokar SRL News

Romanian court suspends €46m penalty claim against Otokar
Land Investment

Romanian court suspends €46m penalty claim against Otokar

A Romanian court has ordered the suspension of enforcement for a €46 million penalty claim against Otokar under the COBRA II armoured vehicle programme.

Romanian Army inducts first COBRA II vehicles amid dispute
Land

Romanian Army inducts first COBRA II vehicles amid dispute

Romania begins distributing the first batch of COBRA II vehicles to army units as deliveries proceed despite contractual tensions over localisation milestones.

Romania’s tender penalties chill defence competition
Land Investment Analysis

Romania’s tender penalties chill defence competition

Otokar facing a TRY 2bn penalty in a Romanian 4x4 programme highlights how harsh contract clauses can deter bidders and risk delaying capability delivery.

Otokar to pay TL1.8bn compensation in Romania COBRA II deal
Land Investment

Otokar to pay TL1.8bn compensation in Romania COBRA II deal

Otokar has agreed to pay compensation over schedule delays in its Romania COBRA II 4X4 armoured vehicle contract; deductions to come from 2025 revenues.

Otokar Boosts Vehicle Sales by 53 Percent in H1 2025
Land Investment

Otokar Boosts Vehicle Sales by 53 Percent in H1 2025

Otokar increased its vehicle sales to 3,430 units in the first half of 2025, driven by strong domestic and global demand, including major defence exports.

Romania’s Cobra II 4x4 Vehicles Set for Delivery in 2025
Land Investment

Romania’s Cobra II 4x4 Vehicles Set for Delivery in 2025

Otokar will deliver the first batch of the Cobra II 4x4 vehicles produced in Turkiye to Romania in the fourth quarter of 2025, following the large-scale order.

Otokar new Candiate in Romania for €3 Billion IFV Tender
Land

Otokar new Candiate in Romania for €3 Billion IFV Tender

Otokar strengthens its local footprint through a joint venture and prepares to offer the TULPAR IFV in Romania’s next-generation tracked vehicle programme.

Otokar’s JV Marks Export Record for Armoured Vehicles
Land Investment

Otokar’s JV Marks Export Record for Armoured Vehicles

Otokar has established a joint venture with Romania’s Automecanica S.A. to manufacture COBRA II vehicles, marking Turkiye’s largest armoured export deal.

Otokar Establishes OTOKAR LAND SYSTEMS SRL in Romania
Land Investment

Otokar Establishes OTOKAR LAND SYSTEMS SRL in Romania

Otokar will establish a new company in Romania to produce COBRA II ACV. This step was taken as part of the €857 million agreement signed with Romania.